Luxshare Precision Industry Company Limited achieved a 51% reduction in Scope 1 and 2 GHG emissions compared to its base year. 

A series of energy-efficiency retrofits helped the company save over 209,000 megawatt-hours of electricity in 2024, while Scope 3 emissions per unit of added value fell by 22%.

A global designer and manufacturer of cable assembly and connector system solutions for consumer, automotive, cloud and enterprise applications, the company is transitioning to clean energy. At the end of 2024, 71% of Luxshare Precision’s total energy consumption came from clean energy sources, largely powered by an expanding network of rooftop solar installations totaling nearly 150 megawatts.

Details were provided in its 2024 Sustainability Report, detailing significant achievements in carbon reduction, clean technology innovation, and inclusive development. 

“As we mark the twentieth anniversary of Luxshare Precision, we stand at a pivotal moment of transformation. We have continued to refine our governance structure and have built a transparent, multi-layered risk control system. Through systematic upgrades to our internal policies and enhanced supervision mechanisms, we are not only ensuring the efficient execution of strategic decisions but also making compliance the passport that enables Luxshare Precision to thrive on the global stage,” said Wang Laichun, chairman of Luxshare Precision, in a statement.

In 2024, Luxshare Precision invested more than RMB 400 million in R&D, with a strong focus on clean technologies. The company obtained 50 new green technology patents, adding to a portfolio of over 7,000 global patents. The company’s key breakthroughs were made in electric vehicle powertrains, wireless charging systems, and energy-efficient cooling solutions, many of which have already been commercialized and deployed in client applications worldwide.